Whereas the net sales for the fiscal ending March, 2011 increased by 47.66% to Rs. 6365.95 crore compared to Rs. 4311.17 crore last year. The company is only involved in textile business and all the revenue is derived from that business only.
In its standalone results, the company saw an increase in its total expenditure for the Q4 ending March, 2011 by 57.72% YoY to Rs. 1645.08 crore. Whereas the total expenditure for the fiscal ended March, 2011, grew by 48.26% to Rs. 4600.17 crore, compared to similar period last year.
This is mainly attributed to higher consumption of raw material in the quarter, of Rs. 1306.62 crore, a 53.8% rise YoY. Similarly, for the fiscal the raw material consumption was Rs. 3628.29, a 55.13% growth. So, most of the expenditure was on account of high net sales.
The depreciation for Q4, 2011 also increased by 57.72% to Rs. 160 crore and for the fiscal increased by 44.63% to 524.43, compared to corresponding periods last year.
The net interest expense fell for Q4, 2010-11, by 12.39% YoY, to Rs.159.11 crore. But the tax expenses increased for the quarter by 58.93% to Rs. 79.59 crore. But the tax expenses increased for the quarter by 58.93% to Rs. 79.59 crore.
For FY11, the net interest expense increased 27.45% YoY, to Rs.681.98 crore and the tax expense also increased 47.08% to Rs. 187.45 crore.
The company posted a net profit of Rs. 376.88 crore a 52.37% growth YoY, for FY11. For Q4, 2010-11, the company posted a net profit of Rs. 160.05 crore, a 67.89% growth, YoY. The company had a Net Profit Margin of 7.26% for the quarter ended March, 2011 compared to 6.47% in the corresponding period previous year.
For FY11, the company had a Net Profit Margin of 5.92 %, compared to 5.65% in FY10. This was mainly on account for lower growth interest and other expenses of the company.